NIFTY--Turned to be Bullish Again??
Updated
Observations::
Price is exactly closed near the Previous Strong Resistance,
If this acts as support will observe bullishness towards 18600,18700 levels.
If price breaks 18700 levels, it may touch ATH as well...will see this later, it will touch or not.
Until Keep watch these levels.
We have a demand zone @18200,which is a strong demand may acts as support again.
Price is exactly closed near the Previous Strong Resistance,
If this acts as support will observe bullishness towards 18600,18700 levels.
If price breaks 18700 levels, it may touch ATH as well...will see this later, it will touch or not.
Until Keep watch these levels.
We have a demand zone @18200,which is a strong demand may acts as support again.
Note
Note
Observations::Buy Plan ::
If price breaks 18650 level, we have an immediate resistance @18720 Range,
that will resist the price.
We have a bearish gap left @18650 range price may reversal from this zone, keep an eye at Gap.
If we see on bottom side, we have Previous resistance area 18450 level is the key level,
that resist the price to go down, yesterday noticed that it acts as support,
and price goes up and tested the previous support @ 18575 range, and fall back to 18500 range.
if this level holds then only price is bullish, if tomorrow price breaks 18575 range,
we will go for buying upto 18630 level, we have a bear gap, if gap acts as resistance we will see 18575 will acts as support or not.
If acts as support will go for buying up to 18710-18720 levels.
if wont give any support then look for sell on retracement when price comes back to 18500 level,
it gives again some retracement then sell for target of 18450,18390 levels.
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Also share your thoughts in the comments section.
Thanks for your Support **
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